Over $15 Million in Jay Z Master Recordings at Center of Alleged Extortion Plot
Posted by Jeremy Thomas on 04.21.2014
A former producer was trying to get money from for them...
Between $15 and $20 million worth of Jay Z's master recordings are the center of an alleged extortion plot. TMZ reports that law enforcement has confiscated the collection after they were allegedly found in the possession a former producer that worked with Hov in 2008 and 2009 and tried to sell them to Live Nation.
According to police Chancy Mahan had the collection, which includes Roc-A-Fella Records master recordings ranging in origin from 1998 through 2002. He allegedly told Live Nation that he was planning on auctioning the recordings if he did not receive a $100,000 "storage fee." Mahan told police that he had settled with them on $75,000.
When Mahan went to retrieve the recordings from a storage facility, the Los Angeles Police Department detained him. He was questioned but not arrested. Jay Z had reportedly told the police ahead of time. The LAPD are holding onto the recordings until a judge determines rightful ownership.
TMZ reports that an extortion investigation against Mahan is underway and that Hov's legal team has filed a grand larceny complaint in New York City.